<?xml version="1.0" encoding="UTF-8" standalone="yes"?>
<!--
  This file is part of the Dutch Taxonomy (Nederlandse Taxonomie; NT)
  Intellectual Property of the State of the Netherlands
  Architecture: NT13
  Version: 20181212.a
  Release date: Tue Jun 19 09:00:00 2018
-->
<link:linkbase xmlns:gen="http://xbrl.org/2008/generic" xmlns:label="http://xbrl.org/2008/label" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://xbrl.org/2008/generic http://www.xbrl.org/2008/generic-link.xsd http://xbrl.org/2008/label http://www.xbrl.org/2008/generic-label.xsd">
  <link:roleRef roleURI="http://www.xbrl.org/2008/role/label" xlink:href="http://www.xbrl.org/2008/generic-label.xsd#standard-label" xlink:type="simple"/>
  <link:roleRef roleURI="urn:kvk:linkrole:consolidated-income-statement-housing" xlink:href="../dictionary/kvk-linkroles-housing.xsd#kvk-lr-ti_ConsolidatedIncomeStatementHousing" xlink:type="simple"/>
  <link:arcroleRef arcroleURI="http://xbrl.org/arcrole/2008/element-label" xlink:href="http://www.xbrl.org/2008/generic-label.xsd#element-label" xlink:type="simple"/>
  <gen:link xlink:role="urn:kvk:linkrole:consolidated-income-statement-housing" xlink:type="extended">
    <gen:arc order="1" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1ExistenceThnExistence02CovPU1_loc" xlink:to="ConsolidatedIncomeStatementHousing_PrtFST1ExistenceThnExistence02CovPU1_label_EN" xlink:type="arc"/>
    <gen:arc order="1" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit1_loc" xlink:to="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit1_label_EN" xlink:type="arc"/>
    <gen:arc order="1" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit2_loc" xlink:to="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit2_label_EN" xlink:type="arc"/>
    <gen:arc order="1" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit3_loc" xlink:to="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit3_label_EN" xlink:type="arc"/>
    <gen:arc order="1" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit4_loc" xlink:to="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit4_label_EN" xlink:type="arc"/>
    <gen:arc order="1" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit5_loc" xlink:to="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit5_label_EN" xlink:type="arc"/>
    <gen:arc order="1" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit6_loc" xlink:to="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit6_label_EN" xlink:type="arc"/>
    <gen:arc order="1" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit7_loc" xlink:to="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit7_label_EN" xlink:type="arc"/>
    <gen:arc order="1" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit8_loc" xlink:to="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit8_label_EN" xlink:type="arc"/>
    <gen:arc order="1" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentDebit1_loc" xlink:to="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentDebit1_label_EN" xlink:type="arc"/>
    <label:label id="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentDebit1_label_EN" xlink:label="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentDebit1_label_EN" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="en">ChangesValueRealEstatePortfolio SHOULD be equal to the summation of the underlying values.</label:label>
    <label:label id="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit2_label_EN" xlink:label="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit2_label_EN" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="en">FinancialIncomeExpenses SHOULD be equal to the summation of the underlying values.</label:label>
    <label:label id="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit5_label_EN" xlink:label="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit5_label_EN" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="en">NetRealisedResultSalesRealEstatePortfolio SHOULD be equal to the summation of the underlying values.</label:label>
    <label:label id="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit8_label_EN" xlink:label="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit8_label_EN" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="en">NetResultAfterTax SHOULD be equal to the summation of the underlying values.</label:label>
    <label:label id="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit4_label_EN" xlink:label="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit4_label_EN" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="en">NetResultExploitationOfRealEstatePortfolio SHOULD be equal to the summation of the underlying values.</label:label>
    <label:label id="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit1_label_EN" xlink:label="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit1_label_EN" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="en">NetResultOtherActivities SHOULD be equal to the summation of the underlying values.</label:label>
    <label:label id="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit7_label_EN" xlink:label="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit7_label_EN" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="en">NetResultSoldRealEstateInDevelopment SHOULD be equal to the summation of the underlying values.</label:label>
    <label:label id="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit6_label_EN" xlink:label="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit6_label_EN" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="en">ResultAfterTax SHOULD be equal to the summation of the underlying values.</label:label>
    <label:label id="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit3_label_EN" xlink:label="ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit3_label_EN" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="en">ResultBeforeTax SHOULD be equal to the summation of the underlying values.</label:label>
    <label:label id="ConsolidatedIncomeStatementHousing_PrtFST1ExistenceThnExistence02CovPU1_label_EN" xlink:label="ConsolidatedIncomeStatementHousing_PrtFST1ExistenceThnExistence02CovPU1_label_EN" xlink:role="http://www.xbrl.org/2008/role/label" xlink:type="resource" xml:lang="en">When ResultAttributableNoncontrollingInterest is reported then NetResultAfterTax SHOULD be reported twice.</label:label>
    <link:loc xlink:href="kvk-consolidated-income-statement-housing-for.xml#valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1ExistenceThnExistence02CovPU1" xlink:label="valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1ExistenceThnExistence02CovPU1_loc" xlink:type="locator"/>
    <link:loc xlink:href="kvk-consolidated-income-statement-housing-for.xml#valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit1" xlink:label="valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit1_loc" xlink:type="locator"/>
    <link:loc xlink:href="kvk-consolidated-income-statement-housing-for.xml#valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit2" xlink:label="valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit2_loc" xlink:type="locator"/>
    <link:loc xlink:href="kvk-consolidated-income-statement-housing-for.xml#valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit3" xlink:label="valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit3_loc" xlink:type="locator"/>
    <link:loc xlink:href="kvk-consolidated-income-statement-housing-for.xml#valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit4" xlink:label="valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit4_loc" xlink:type="locator"/>
    <link:loc xlink:href="kvk-consolidated-income-statement-housing-for.xml#valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit5" xlink:label="valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit5_loc" xlink:type="locator"/>
    <link:loc xlink:href="kvk-consolidated-income-statement-housing-for.xml#valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit6" xlink:label="valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit6_loc" xlink:type="locator"/>
    <link:loc xlink:href="kvk-consolidated-income-statement-housing-for.xml#valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit7" xlink:label="valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit7_loc" xlink:type="locator"/>
    <link:loc xlink:href="kvk-consolidated-income-statement-housing-for.xml#valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit8" xlink:label="valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentCredit8_loc" xlink:type="locator"/>
    <link:loc xlink:href="kvk-consolidated-income-statement-housing-for.xml#valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentDebit1" xlink:label="valueAssertion_ConsolidatedIncomeStatementHousing_PrtFST1SumOfChildrenParentDebit1_loc" xlink:type="locator"/>
  </gen:link>
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